The Aggad Investment Company is a diversified Saudi investment-holding company which was established in 1975 by
Sheikh Omar Aggad with three major objectives in mind: to play a significant part in industrializing the Kingdom of Saudi Arabia and developing its manpower, and, in pursuit of these two objectives, to generate adequate
profits for expansion.
This was at a time when the Kingdom was experiencing unprecedented expansion in the industrial and service
sectors thus presenting new opportunities and opening new horizons. AICO has consequently utilized its resources to invest in companies in the manufacturing, distribution, service and consumer product sectors. Aico’s
portfolio of holdings has always been adaptable to where it feels its largest opportunities are. Aico’s
intention is to make each company they invest in one of the leaders in its field, and to ensure this they
utilize a five-point strategy which has proven to be both durable and adaptable:
- Identify a product or service that is needed in the Kingdom -either to replace imports or to meet an
- Establish a sound financial base, including strong local partnerships.
- Acquire the latest technology, usually by establishing a joint venture or entering a technical or
distribution agreement with an international company.
- Install rigorous quality control regimes and standard operating procedures.
- Employ only the most capable people, and make sure they are equipped with the most modern management
AICO has always seen the way ahead by focusing its resources on improving its performance in every possible
direction, especially by giving every encouragement to their most valuable resource -their employees - with
particular emphasis on initiative and teamwork.
While some are natural developments of its existing businesses, in many cases Aico’s entrepreneurial outlook
enabled it to diversify into service enterprise, Distribution operations, and into other markets outside the
Kingdom with little difficulty. It was by spreading its operations into these sectors and markets that the
group continued to achieve stable growth even in difficult times.
In all its operations, new or well-established, quality is pre-eminent. Aico permits no substandard products or
services. . To maintain quality Aico constantly upgrades its technology, as well as instituting strict control
regimes. They have resisted the pressure to compromise on quality in a price-sensitive market, and in the long
term it has proved the right approach. The future of the group lies in its readiness to diversify, to hire and
train the best staff, and to maintain the quality of its products and services. Aico has shown that it
possesses the qualities needed to succeed and, in the favorable business climate created by the Saudi
Government, Aico has every confidence that it will continue to prosper throughout the decades to come.